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1 Country Lane

CLK Properties Acquires Multifamily Property In Mobile, AL For $15.8M
SOLDMultiFamily

CLK Properties Acquires Multifamily Property In Mobile, AL For $15.8M

1 Country Lane

$15,800,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

The multifamily property located at 1 Country Ln in Mobile, AL has been sold in a closed transaction. The property consists of 201 units and was sold for a total price of $15,800,000, resulting in a per unit price of $78,606. The sale was facilitated by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group.

Summary of transaction details:

Craig Koenigsberg, representing CLK Properties, acquired the multifamily property located at 1 Country Ln. The transaction was successfully brokered by Aaron Jungreis and David Wildes from Rosewood Realty Group. The property's sale price and unit count makes it a significant addition to CLK Properties' portfolio.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker

Craig Koenigsberg

CLK Properties

Buyer

$130.8M

vol

3 deals

Buyer

Toronto MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93